SCS Weekly Rundown | August 27th, 2024
Canada Rail Resolves, Focus Now On U.S. Ports
Rail operations have resumed in Canada, while U.S. port talks face uncertainty.
Canada’s railroads are resuming operations following arbitration, easing freight delays across North America. However, concerns linger over US East and Gulf coast port negotiations, with potential strikes looming as the current contract nears expiration. Companies like Hapag-Lloyd are preparing contingency plans, but significant disruptions may occur if the negotiations fail.
Stay up to date with this story here.
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UP Unveils Peak Surcharges in South California
A rising demand for domestic containers has triggered new surcharges.
Starting on September 1st, Union Pacific will begin imposing new peak season surcharges due to increased demand for domestic container capacity out of Southern California. These surcharges will apply to shipments exceeding the surge allowance under the Mutual Commitment Program The company anticipates further demand growth and is taking steps to meet shippers' needs by repositioning containers and increasing train capacity.
Learn more about these charges by clicking here.
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Violent Truck Cargo Theft in Mexico Rising
Truck cargo thieves in Mexico continue to grow more aggressive and efficient.
Truck cargo theft in Mexico has increased significantly, with criminals growing more violent and sophisticated in their methods. Most thefts now occur while trucks are in transit, and the rise in aggression is complicating efforts to protect supply chains. Thieves are specifically targeting high-value goods, making it difficult to secure cargo and ensure safe transportation.
Get more information on this trend here.
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Tennessee Brokerage Suddenly Shuts Down
Universal Capacity Solutions shuttered unexpectedly, laying off over 100+ workers.
A Nashville-based freight brokerage, Universal Capacity Solutions, ceased operations last week without any prior notice after their parent company pulled the plug on the operation. A skeleton crew is remaining to help wind down operations and ensure that payments are being made to carriers. Employees have expressed their shock and disappointment with the sudden shutdown.
Dive into more details for this story here.
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